The Inventory Turnover Ratio Is Calculated by Dividing

question 25

Multiple Choice

The inventory turnover ratio is calculated by dividing

• A)cost of goods sold by ending inventory.
• B)cost of goods sold by beginning inventory.
• C)cost of goods sold by average inventory.
• D)average inventory by cost of goods sold.

---

Definitions:

Automobile

A wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Relationship

The manner through which two or more ideas, items, or individuals are linked, or the condition of being linked.

Variables

Elements, features, or factors that are likely to vary or change from one situation to another in an experiment or study.